Updated Dec 19, 2023
Abby White Acquires Multifamily Property In Concord, MA For $1.87M
7 Lexington Road, Concord, Massachusetts, USA
$1,867,500
$440/SF
Building Size
4,241 SF
Asset Type
MultiFamily
Closing
Jun 21, 2020
About this deal
AI
Located at 7 Lexington Rd in Concord, MA, this multifamily property was recently sold in a closed transaction. The sale took place on June 21, 2021, with a sale price of $1,867,500. The property spans 4,241 square feet, resulting in a price per square foot of $440.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,867,500
- Address: 7 Lexington Rd, Concord, MA
- Market: Concord, MA
- Seller's Rep: John De Angelis - Boston Environments
- Buyer's Rep: Abby White - LandVest, Inc., Concord
- Square Footage: 4,241
- Price per Square Foot: $440
Represented by their respective brokers, John De Angelis from Boston Environments and Abby White from LandVest, Inc., Concord, the buyer and seller successfully completed the transaction. This closed deal showcases the expertise and professionalism demonstrated by these individuals and their agencies.
Players
Concord MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.49%
Cash-on-Cash
-2.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93